Remove Completion Remove Finance Remove Royalty
article thumbnail

Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

The Energy Law

1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52

Royalty 40
article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

times net debt/funds flow, which is expected to continue to further strengthen to 0.8 Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S.

Energy 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

THE BRILLIANT GOLD STRATEGY IN PLAIN SIGHT–THAT NEXGOLD IS EXECUTING

Oil and Gas Investments

Once production financing is in place, it takes us to the 200,000 ounce a year production level200,000 low cost ounces a yearde-risked. Assuming the $11 million financing that was announced with the deal gets filled, Nexgold will have $18 million gross cash and $12 million gross debt on the balance sheet. Nebari also gets a small 0.6%

article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

While Biden’s exact position on oil and gas production could still use some clarification (he has flip-flopped at least twice on whether he is opposed to fracking), he does not advocate for a complete ban on the use of fossil fuels.

Oil 40